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kristol is out there, some of the really smart guys are saying we blew it, let's think. >> yes. well, some people like david brooks and bill kristol who are thoughtful conservatives, but they kind of suspended their disbelief i think during the last days and weeks of the campaign. they were all on board with romney. they were all saying the polls were going to be wrong and romney was going to get it and romney was on the right track and romney had the right ideas, et cetera, et cetera. they're to be expected to be among the early changers, among the early people on the road to damascus because they've got one foot in politics and the other in journalism. but i think jindal is interesting. i think the real fight now, chris, is not whether people are getting on the road. it's what they're saying on the road because they have different theories about how to go forward. one is economics, one is cultural, and one is immigration. i think there are basically three routes there. >> i wonder whether they're all agreeing to changes in their party philosophy that don't affect their central
kristol is out there, some of the really smart guys are saying we blew it, let's think. >> yes. well, some people like david brooks and bill kristol who are thoughtful conservatives, but they kind of suspended their disbelief i think during the last days and weeks of the campaign. they were all on board with romney. they were all saying the polls were going to be wrong and romney was going to get it and romney was on the right track and romney had the right ideas, et cetera, et cetera....
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Nov 13, 2012
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>> so, i ask you the question that bill kristol put there, are you going to fall on your sword not to raise taxes on people that make over $250,000 a year? >> i think there's a difference between raising tax rates and raising tax revenue and i want to get overall tax reform. no matter who you talk to, they will tell you that raising taxes on that group is just a small drop in the bucket of what our deficit is. it's less than one-tenth of the deficit so it doesn't solve our problem. i don't think we should do things that will hurt the economy. we need to get people back to work. >> well, his point was, though, that tax rates were much higher in the reagan years, were higher in the clinton years and both those decades had pretty good economic growth. >> but it's such a small perc t percentage of what you need to do in terms of getting the spending under control. >> a trillion dollars over ten years is a small number? >> it's $100 billion where this president has had deficits of over a trillion dollars every year so $1 out of $10, chuck. our problems are the spending on social security,
>> so, i ask you the question that bill kristol put there, are you going to fall on your sword not to raise taxes on people that make over $250,000 a year? >> i think there's a difference between raising tax rates and raising tax revenue and i want to get overall tax reform. no matter who you talk to, they will tell you that raising taxes on that group is just a small drop in the bucket of what our deficit is. it's less than one-tenth of the deficit so it doesn't solve our problem....
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Nov 14, 2012
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you heard a prominent republican on the sunday shows, bill kristol a prominent conservative spokesman. republicans take this deal. it won't kill us to let tax rates go up on the very rich. he doesn't have a vote in congress but he can offer plit cover if republicans choose to run under it. they haven't. they might. >> woodruff: the vast majority of republicans are still saying no tax rate increase. the president is saying there has to be a tax rate increase. why are they just as far apart as ever? >> they're pretty far apart. i don't want to give the impression they're not. there is movement on the idea of being able to have revenue. how do you get revenue without raising tax rates? well you mess around with the tax code. there are lots of loopholes and special favors and tax expenditures in the tax code. if you close those up especially at the top end of the income bracket, you can get a lot of money for the federal government without saying you raise taxes and without having it show up in the margins on the tax rates. that might be important to a lot of politicians. >> woodruff: in
you heard a prominent republican on the sunday shows, bill kristol a prominent conservative spokesman. republicans take this deal. it won't kill us to let tax rates go up on the very rich. he doesn't have a vote in congress but he can offer plit cover if republicans choose to run under it. they haven't. they might. >> woodruff: the vast majority of republicans are still saying no tax rate increase. the president is saying there has to be a tax rate increase. why are they just as far apart...
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Nov 13, 2012
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rick: terry, bill kristol, the prominent conservative, spent last couple days on this network talking about how republicans may want to go along with the president's plan to raise tax rates on those earners above 250,000. take a listen. i'll get your response. this is last night an "special report". >> the first takes rates expire on december 31st. rates are going up for everyone if nothing happens. if you think republicans can win a showdown preserving all the current tax rates against a president who is reelected gained seats in the senate and house just raising rates on billionaires, well good luck. i prefer this as policy outcome. i don't think it is winnable. i think in the end republicans will cave. rick: terri, what do you think? >> i respect mr. kristol obviously but in this scenario with entitlements on the table and with wholesale tax reform being a bipartisan priority, we need to get this tax, this tax structure in our country back to more competitive, back to rewarding people who are innovative and hard-working. the main fact here is that both parties, just a short time ag
rick: terry, bill kristol, the prominent conservative, spent last couple days on this network talking about how republicans may want to go along with the president's plan to raise tax rates on those earners above 250,000. take a listen. i'll get your response. this is last night an "special report". >> the first takes rates expire on december 31st. rates are going up for everyone if nothing happens. if you think republicans can win a showdown preserving all the current tax rates...
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Nov 13, 2012
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bill kristol said it wouldn't hurt to raise taxes on the wealthiest. now glen hubbard, who is a republican economist writes for the financial times that revenue should come from the topic in earners. he doesn't advocate letting the bush tax cuts expire he does say getting rid of loopholes and deductions should do the trick. the rest of hubbard suggestions are not stellar but the idea of litingletting the rich pay more is a good place to start. >>> nancy pelosi may be making the decision it step down in her leadership role. inside information is that she is going to stay put but if she decides not to be minority leader any more that would go to diane hoyer. those types are coming on to me all of the time now. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers, thinking. >> okay, so there is wiggle-room in the ten commandments, is what you're telling me. >> she's joy behar. >> and the best part is that current will let me say anything. >> what the hell were they thinking? >> only on current tv. brought to you by geico. 15 m
bill kristol said it wouldn't hurt to raise taxes on the wealthiest. now glen hubbard, who is a republican economist writes for the financial times that revenue should come from the topic in earners. he doesn't advocate letting the bush tax cuts expire he does say getting rid of loopholes and deductions should do the trick. the rest of hubbard suggestions are not stellar but the idea of litingletting the rich pay more is a good place to start. >>> nancy pelosi may be making the...
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Nov 14, 2012
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apparently not off of his comments. >> bill kristol now, you hear, glenn hubbard. that's a lot of republicans getting in on this idea. >>> when we come back the untold history of the united states. oliver stone and renowned historian peter kruznick. a look at u.s. history. later comic actress and director p penny marshall takes us behind the scenes of some of her biggest hits. but first, here is bill karins again with another forecast, the same as the last forecast, still wrong. bill, try again. >>> i hope this one is right. it's a nice one. too bad this wednesday isn't next wednesday. of course next wednesday is considered the busiest travel day of the year right before thanksgiving. we'd love a beautiful day like this. look at these airports. all the major hubs to the eastern half of the country. temperatures are chilly but it's just a gorgeous day out there. it's a fall, crisp morning. it's a little cold but lots of sunshine is going to be had on the east coast and through the middle of the nation. there's no rain or snow to be talked about. the best chance of a
apparently not off of his comments. >> bill kristol now, you hear, glenn hubbard. that's a lot of republicans getting in on this idea. >>> when we come back the untold history of the united states. oliver stone and renowned historian peter kruznick. a look at u.s. history. later comic actress and director p penny marshall takes us behind the scenes of some of her biggest hits. but first, here is bill karins again with another forecast, the same as the last forecast, still wrong....
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Nov 13, 2012
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when you hear bill kristol talking about the difference between the marginal tax rate and 39% meaning pre-bush tax cuts can't remember with reagan -- this election provided. it will be incumbent upon the republican party to how they will address things and keep a broad audience. it is incumbent upon the incumbent to follow along with ideas dance. i feel really optimistic about this. connell: a couple things. elect, are you saying you would have told a story about compromise? >> it was a bitter one. it seemed to be about no compromise. i think people woke up the next morning with regret. what did we say, what did we do to drive a wedge so far in between? [talking over each other] >> it is happening already. you are hearing republican leaders who would not even touch the dream act saying they need to resurrect. talking about raising revenues that are not just eliminating loopholes. connell: one more question, do you think barack obama would be a lesser historical figure if he were not reelected? >> no. i do not think so. because of theesignificance of the country that raises the underly
when you hear bill kristol talking about the difference between the marginal tax rate and 39% meaning pre-bush tax cuts can't remember with reagan -- this election provided. it will be incumbent upon the republican party to how they will address things and keep a broad audience. it is incumbent upon the incumbent to follow along with ideas dance. i feel really optimistic about this. connell: a couple things. elect, are you saying you would have told a story about compromise? >> it was a...
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the president has put out an olive branch and you have conservative commentators 0 like bill kristol saying he should talk to the president. >> what do you do to keep that appalling thought from coming back? >> the key thing here is to be willing to not stand in the opposite corners of the boxing ring and throw punches, that courage is not going to be just giving some dramatic speech for your own base. courage is whether you are willing to stand next to someone you don't always agree with for the betterment of this country. >> being 0. so let's put our money where our mouth is. you're saying it right now. what is it that the democrats have to give that they haven't wanted to but they will, that you think they should? >> i think, first of all, spending cuts clearly are part of this. you look at the budget control act. no one likes the ougautomatic nature of the sequestration but that has to be a piece of this reform. i think you're going to see some work on social security to keep it solvent. we've gotten a start with affordable care act on medicare but more needs to be done. with res
the president has put out an olive branch and you have conservative commentators 0 like bill kristol saying he should talk to the president. >> what do you do to keep that appalling thought from coming back? >> the key thing here is to be willing to not stand in the opposite corners of the boxing ring and throw punches, that courage is not going to be just giving some dramatic speech for your own base. courage is whether you are willing to stand next to someone you don't always...